Republican gubernatorial nominee Tom Foley, the wealthy Greenwich investor who spent $11 million of his own fortune running against Democratic Gov. Dannel P. Malloy in 2010, had an effective federal tax rate of zero in 2013.

The Foley campaign allowed reporters to view summaries of the candidate's 2013 federal income tax returns Friday — after last month granting members of the press access to summaries of his 2010, 2011 and 2012 returns.

The most recent returns reveal that Foley paid zero percent in federal taxes for the third year in a row, a fact that will probably fuel Democratic criticism about the Republican candidate's wealth. In 2010, Foley's total income was $1.1 million and his effective tax rate was 31.7 percent.

Foley, who files separately from his wife, Leslie Fahrenkopf Foley, reported an adjusted gross income of negative $111,151 in 2013. Contributing to Foley's negative income figure was $80,487 that he paid in alimony to his former wife and more than $117,391 in other losses. The campaign would not provide detail about the source of those losses, even to confirm that they were related to business investments, as was the case in 2011 and 2012.

The losses offset close to $90,000 that Foley reported in dividend income and capital gains in 2013. His total federal tax liability was $673 in self-employment tax.

Malloy, who is running for re-election, previously released partial state and federal tax returns for the past four years. The governor and his wife, Cathy, had federal tax rates ranging from 20.7 percent to 38.2 percent, and reported total incomes ranging from $212,892 to $319,912.

Foley had requested an extension for his 2013 taxes, and on Wednesday, the deadline for late filers, he said at a campaign stop...

Republican gubernatorial candidate Tom Foley agreed Wednesday to release his 2013 tax returns, following his release of partial tax returns from 2010 to 2012 last month.

Foley had requested an extension for his 2013 taxes, and on Wednesday, the deadline for late filers, he said at a campaign stop...

(JENNY WILSON)

Foley's 2013 returns provide additional campaign fodder for Malloy, whose strategy this year has been to portray the Republican nominee as a millionaire member of the top "1 percent," someone who is out of touch with Connecticut residents and unequipped to address their concerns.

Malloy's campaign released an ad last week criticizing Foley for the yacht that he owns, and in a debate Thursday the governor said: "I don't own a $10 million house, a $5 million yacht, a $1 million plane and not pay taxes."

A spokesman for Malloy echoed that remark in a statement released Friday.

HARTFORD — Republican gubernatorial candidate Tom Foley provided reporters with access to portions of his federal tax returns Friday that showed he reported an adjusted gross income of $20,462 in 2012 and negative $65,705 in 2011.

For both those years, his effective tax rate was zero because his...

(Christopher Keating and Jenny Wilson)

"Tom Foley owns a multimillion dollar mansion, two British fighter jets, and a five-million-dollar yacht yet takes advantage of tax loopholes middle class families can only dream about, allowing him to pay no income taxes for three years," campaign spokesman Mark Bergman said. "Tom Foley lives in a different world than most Connecticut working and middle class families."

Foley has repeatedly laughed off Democratic criticism about his zero percent tax rates.

"I didn't have any income. It's pretty easy," he told reporters after a debate earlier this month. "It's America, you know. If you don't have any income, you don't pay taxes."

Malloy has also called on Foley to disclose details about a $2.8 million S corporation loss that he reported in his 2011 federal tax return, suggesting that it raises questions about his opponent's ability to manage. Foley has refused to comment on the investment loss.